Let us for a moment just understand what is this mutual fund folio is all about? Let us you want to invest in a mutual fund AMC of say, HDFC MF or ICICI Pru MF. The first thing you do is to walk into the AMC office and ask for the form. Every investor (uniquely identified by the PAN number) needs one unique FOLIO number for an AMC. Effectively, if you are invested across 7 mutual fund AMCs then you need to have 7 folios. Folio numbers are unique identifiers issued to mutual fund investors, representing their shares in a fund scheme.
- If you want to invest in a mutual fund through the AMC route, it is mandatory to have a unique folio number.
- A folio is also useful not only for the investors but also for mutual funds as it helps them in maintaining a credible record system of each and every investor.
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There are multiple ways to find or retrieve your folio number, as shown in the table. A folio number is a unique number allotted to each mutual fund investor. It can be considered similar to a bank account number when we open a bank account. Is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy.
Where do I locate my folio number for a particular AMC?
Some websites of registrars such as Karvy or CAMS also enable the folio number check. You can register on these websites using your mobile number and PAN number to get the information you need. CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.
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An AMC assigns a unique folio number to every mutual fund investment. Therefore, you will have a different folio number for every mutual fund investment. Apart from keeping your PAN number and mobile number handy to gather the details you need, also remember to have your folio number in place. It is a small step that can make a huge difference in managing your mutual fund investments. If you don’t consider yourself a tech-savvy person, you can always visit the AMC’s office to check the mutual fund statement by folio number. You will also be required to provide your PAN number to get the details.
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Mutual fund statements are important as it summarises your investment trail in that fund. Similar to how a bank account statement shows sbi mutual fund statement by folio number every transaction you do on a particular bank account. Hence, the folio number is an integral component of your mutual fund statement.
Getting your folio number while investing in mutual funds is a smart move. As the mutual fund investments have proliferated, folio number has become one of the most known words for mutual fund investors. Mutual funds need some system and mechanism to store data with respect to investments and transactions made by investors. This information is also used to determine the fees applicable to the investor and the fund they are entitled to. However, it could happen that you may create multiple folios in the same AMC over time. In such cases, it is possible to write to the AMC and get the folios consolidated into one single folio number for easier record keeping.
You dont need to worry about getting a folio number, as it is automatically assigned to you when you purchase a mutual fund. The folio number is automatically assigned to you when you invest in a mutual fund. Every time you invest with the same AMC, you can choose whether you wish to open a new folio or invest in the same folio. Please note, that you can add different schemes to the same folio, as long as it is the same AMC.
At the time of application, the column for the folio is left blank. The fund house or the asset management company generates the number only after your first investment. However, it will be easier if you can get the AMC to combine every holding under one number. Thanks to smart websites and smarter apps, investors have become tech savvy and most investors are today investing through online mode. Websites of the AMCs as well as the websites of the registrars like CAMS and Karvy will assist investors in checking their fund status using the folio number.
Folio numbers are unique and are issued to mutual fund investors. However, if you hold more than one share of a mutual fund, only one folio number will be issued. Therefore, folio numbers ensure systematic storing of mutual fund investment records. It is also easy to settle disputes with the folio number records. It can be quickly obtained from your mutual fund statement or from the fund house or broker.
It is possible to do a one-time registration on the website and track performance. You need combination of mobile number and PAN card for the same. If you want to invest in a mutual fund through the AMC route, it is mandatory to have a unique folio number.
You must make sure that this number is the same every time you invest. Using the same folio number will make it easier for you to manage your investments with the AMC. They must email a statement to you within 2-3 days after investing, and a hard copy in 7-10 days. Folio number can be used to fund investors’ track records of items such as how much money investor has placed with the fund, transaction history and contact details.
You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing. Earlier, checking the mutual fund statement was the only way to find folio number. Therefore, if the statement gets lost or damaged, investors went through a lot of hassle in getting a new one.
An investor can also find the folio number on investment statements or can ask for it from the fund house. When you register with the mutual fund house, folio number is left empty in the application form. Folio number is generated when you make the first investment with the mutual fund.
How to Check Mutual Fund Status with Folio Number
This article is prepared for assistance only and is not intended to be and must not alone be taken as the basis of an investment decision. Please note that past performance of financial products and instruments does not necessarily indicate the prospects and performance thereof. The investors are not being offered any guaranteed or assured returns. You can use your folio number to check your mutual fund statements and get information on how your investments are performing. You can also check other details like the investment amount, the scheme name and so on. Everybody who has a bank account is familiar with the long bank account number.